Nice AT trades coming in now... Could well be shorts closing out.. THey have virtual total victory, if I was in charge of the position I would close it down now...
To be fair, its a hell of a well they drilled, its incredibly productive. There clearly is a lot of oil down there, just not configured how they initially thought...
Bounce is coming, I have bought a few... Remember having some of these back in the discovery days.. Cannot believe its 2p now... Very much undervalued, but things tend to swing wildly both ways... This will recover. The equity is worth more than 2p for sure.
Looks to be turning here, I think the drop is done, its into slow recovery now and there may be a bounce.... Shorts will close out here, they have almost totally won..